On Wednesday, India’s benchmark indices closed on a high, with the Sensex surging 901.50 points, or 1.13 per cent, to close at 80,378.1, while the Nifty jumped 270.75 points, or 1.12 per cent, to reach 24,484.05, according to PTI. This rally was primarily led by strong performances in IT stocks, buoyed by an overnight rally in the US markets, and supported by gains across all sectoral indices.

The standout sector was the IT index, which recorded an impressive gain of over 4 per cent, making it the top-performing sector of the day. According to PTI, banking stocks also contributed positively, with the Nifty Bank index, which includes 12 major banking stocks, adding 110.15 points or 0.21 per cent to close at 52,317.40. Market sentiment remained positive across other sectors as well, with even the broader markets showing robust gains.